U.S. Granted Utility Patents Originating in Dakota County, NE
PATENTCOUNTY31043 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Dakota County, NE' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Dakota County, Nebraska. This metric is an important indicator of regional innovation and technological progress.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series measures the number of successful utility patent applications by inventors located in Dakota County, Nebraska. Utility patents protect new and useful inventions, machines, or processes, representing commercialized innovations from the region.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Historical Context
Patent activity is closely monitored by policymakers and economists as a gauge of local economic and technological dynamism.
Key Facts
- Dakota County, NE accounts for less than 0.1% of total U.S. utility patents.
- Utility patent counts have grown by 15% in Dakota County over the past decade.
- The leading technology areas for Dakota County patents are agriculture and manufacturing.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Dakota County, Nebraska.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is an important indicator of regional innovation and technological progress, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Q: How is this trend used in economic policy?
A: Patent data is used by policymakers and economists to gauge local economic and technological dynamism, informing decisions around innovation incentives and investment.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 quarters, and may not capture all patents due to processing times.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Dakota County, NE (PATENTCOUNTY31043), retrieved from FRED.